Good news for fans of the "Commodore" name as Holden has announced the moniker will live on beyond 2017.

Good news for fans of the "Commodore" name as Holden has announced the moniker will live on beyond 2017.

In June last year there was a rumor about Holden's plans to axe the Commodore name at the end of 2017 when Australian production will come to an end. However, the moniker - which dates back to 1978 - will be kept alive and used on a successor of the current Commodore set to be imported starting 2018 most likely from Europe.

Speaking to Car Advice, General Motors executive vice president and GM International president Stefan Jacoby said "Commodore is very much embedded into Holden, it's part of the Holden history, it's part of what Australian customers want to have." The decision to keep the Commodore nameplate alive was taken following no less than 17 research session in which almost 70 percent of the respondents said the name should live on.

Details about the new model itself are scarce at the moment but there actually might be two cars, one being a rebadged next-gen Opel Insignia while the other could be a next-gen Chevrolet SS with Holden's lion and stone symbol.